Following demands and threats made by Bernie Ecclestone, Silverstone has been renovated under the auspices of the BRDC (British Racing Drivers Club) and have a contract for the British GP until 2025. However, the investments have been large and Silverstone’s plan to sell of other assets to fund this programme has failed.
Silverstone has failed to pay FOM for its hosting fees in 2015 and is saddled with debt which analysts believe is unsustainable. The Times is however reporting that Jaguar have entered the fray to discuss taking ownership of the famous Northamptonshire circuit.
“We continue to assess investment opportunities to increase our presence in Britain, said a spokesman for Jaguar / Land Rover. “This assessment is ongoing and covers many opportunities, but it remains confidential at this stage.” The BDRC’s position is simple as beggars can’t be choosers.
In a statement this week, the BDRC said: “The BRDC considers approaches that are made by parties interested in the resumption of the Silverstone circuit for its part the valiant English club. If an attractive offer presented itself, we could take it into account but it will be to club members decide. The key is to ensure the sustainability of the track and guarantee the future of the Grand Prix. “